Spotify Technology (SPOT) Asset Utilization Ratio (2018 - 2026)
Spotify Technology's (SPOT) Asset Utilization Ratio was 1.37 for Q3 2026, up 21.0% from 1.13 a year earlier but down 0.4% from the prior quarter.
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Analysis
Spotify Technology (SPOT) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Spotify Technology was 1.33, down 13.9% from FY2024.
- By year, Asset Utilization Ratio came in at 1.54 in FY2024 (-6.5%), 1.65 in FY2023 (+8.5%), 1.52 in FY2022 (+5.6%) and 1.44 in FY2021 (+8.1%).
- Five-year quarterly Asset Utilization Ratio spans a low of 1.11 in Q4 2025 and a high of 1.70 in Q3 2023.
- Year over year, Asset Utilization Ratio gained in two of the last eight quarters, with an average decline of 8.3%.
- The high point for year-over-year Asset Utilization Ratio in five years was Q2 2022 (growth of 38.0%); the low point was Q3 2025 (a decline of 21.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 1.37 (Q2 2026), 1.24 (Q1 2026) and 1.11 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | 0.49 |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | 0.52 |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 0.85 |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 0.53 |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 0.93 |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 0.88 |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 1.37 |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 0.98 |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 0.68 |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 0.47 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.37 |
| Jun 30, 2026 | 1.37 |
| Mar 31, 2026 | 1.24 |
| Dec 31, 2025 | 1.11 |
| Sep 30, 2025 | 1.13 |
| Jun 30, 2025 | 1.22 |
| Mar 31, 2025 | 1.33 |
| Dec 31, 2024 | 1.40 |
| Sep 30, 2024 | 1.45 |
| Jun 30, 2024 | 1.52 |
| Mar 31, 2024 | 1.58 |
| Dec 31, 2023 | 1.66 |
| Sep 30, 2023 | 1.70 |
| Jun 30, 2023 | 1.61 |
| Mar 31, 2023 | 1.54 |
| Dec 31, 2022 | 1.58 |
| Sep 30, 2022 | 1.60 |
| Jun 30, 2022 | 1.55 |
| Mar 31, 2022 | 1.48 |
| Dec 31, 2021 | 1.41 |
API Access
Spotify Technology Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "SPOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SPOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();